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What is the contest's goal?
The contest's goal is to outperform your fellow investors' portfolios and achieve the highest average gain. The goal is also to have fun practicing our investment research skills while gaining a chance to win real cash and prizes. Not to forget that winning means you've earned the bragging rights that you outperformed some of the best investors in the Stock Card community.
However, this is a special contest. Five most active citizens of the Bow Tie Nation on Let's Talk Money were selected to participate. They each picked five stocks for the rest of the year. Joseph Hogue invests $1000 real money in each portfolio. The portfolio with the highest return at the end of the year keeps the money.
So anyone can join, but only the five selected portfolios qualify for the cash prize.
How do you calculate contest portfolios' performance?
Each stock/ETF pick return: When you create a portfolio on Stock Card and add stocks or ETFs to it, and automatically calculates the return on your investment using the buy price and the current price. Portfolios are refreshed every 30 minutes to calculate each pick's return regularly.
Overall portfolio return: Stock Card also calculates the average return of all orders in each portfolio and shows the result on top of each portfolio page. To win the contest, your average portfolio return must be higher than all other participants and Joseph Hogue's portfolio.
Stock/ETF weight in each portfolio: Note that the average return does not count the number of shares. The focus is on making your best investment decisions and not managing your portfolio. So the weight of each order in a portfolio does not impact the overall portfolio performance.
Who can participate?
Who: Anyone can join the contest as long as you are at least eighteen (18) years old at the time of entry and you create a free account on stockcard.io.
However, only the five selected Bow Tie Nation citizens qualify for the cash prize.
No purchase rule: Remember that no purchase or VIP subscription is needed, and the contest is subject to federal, state, and local laws and regulations.
Social media follow: All contest participants must follow Stock Card's Twitter and YouTube channel and Joseph Hogue's Let's Talk Money YouTube portfolio to qualify for contest participation. Following these social media channels allows you to receive notifications and updates about the contest, winners, and live events.
Stock Card Twitter: https://twitter.com/stockcardhq
Stock Card YouTube: https://www.youtube.com/c/StockCard/featured
Joseph Hogue's YouTube channel: https://www.youtube.com/c/LetsTalkMoneywithJosephHogueCFA/featured
Legal requirements: To review the contest's official rules, please visit the Contest Rules page available on https://stockcard.io/contestrules URL.
How long does it last?
The Bow Tie Nation 2022 $1,000 challenge contest begins on 11th July 2022 and ends on 31st December 2022.
What can I win?
Only the five selected Bow Tie Nation citizens qualify for the cash prize. The contest's winner gets the seed money invested by Joseph Hogue and all the gain generated by the portfolio.
How do I join the contest?
You can join the contest by creating a new portfolio and choosing your Portfolio Goal as the "Bow Tie Nation 2022 $1000 Challenge."
You must also make the portfolio public in the last step of creating your portfolio by selecting "make portfolio public." This will publish your portfolio on our Portfolio Center.
Once you create your portfolio, you should add stocks and/or ETFs to your portfolio. You should add these investment ideas to your contest portfolio the same day you publish the portfolio. You cannot use backdates or edit the portfolio after publishing it.
Note that we will disqualify entries before or after the Contest Period.
How do I know if I won?
Stock Card and Joseph Hogue will announce the winners within 15 days after the contest ends on 12/31/2022. However, only the five selected portfolios can win the cash prize.
If you join and are not one of those five, you will earn the braggin' rights you won over a selective group of investors.
Please make sure you have created your account using a valid email address. If you wish to change your email address, visit your account management page: https://stockcard.io/auth/account/profile
What are the contest's Official Rules?
Please review the contest's Official Rules (https://stockcard.io/contestrules) for detailed legal information that all participants must follow. Entries that don't comply will be disqualified.
What if I have more questions?
If you have questions regarding the contest, ask them using the live chatbox on the bottom-right corner of the screen on Stock Card.